TITLE

SONY EYEING A BMG BUYOUT

AUTHOR(S)
Schilling, Mark
PUB. DATE
July 2008
SOURCE
Daily Variety;7/30/2008, Vol. 300 Issue 18, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Sony is allegedly planning to spend $931 million to purchase Bertelsmann's 50 percent stake in Sony BMG Music Entertainment. Bertelsmann has reportedly asked for as much as $2.5 billion for its stake, but the global credit crisis and the decline in the sales of recorded music have brought the demand price down.
ACCESSION #
33548056

 

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